ITG Brands

Last updated
ITG Brands, LLC
Company type Limited liability company
Industry Tobacco
Founded2015;9 years ago (2015)
Headquarters
Greensboro, NC
,
U.S.
Area served
United States
Key people
Kim Reed (CEO)
Parent Imperial Brands
Website itgbrands.com

ITG Brands, LLC is the third-largest American tobacco manufacturing company in the United States. It is an independent subsidiary of multinational Imperial Brands. ITG Brands markets and sells multiple cigarette and cigar brands and sells blu eCigs. [1] The company was created in 2015 and has its production, headquarters, and regulatory compliance facilities located in Greensboro, North Carolina. [2]

Contents

History

ITG Brands was formed in June 2015 as an American subsidiary of multinational conglomerate Imperial Brands. After competing tobacco companies Reynolds American Inc. and Lorillard Inc. merged in 2015, they were required by the FTC to divest four cigarette brands. Imperial then acquired cigarette brands Winston, Salem, Kool, and Maverick, along with blu eCigs from the Reynolds American-Lorillard merger for $7.1 billion. [3] [4] Cigar brands already owned by Imperial included Backwoods, Dutch Masters, and Phillies. David Taylor, the CFO of Lorillard Inc. pre-merger, became ITG Brands’ first CEO in 2015. [5]

ITG Brands announced it would close the Reidsville manufacturing plant by April 2020, "affecting 117 manufacturing jobs." [6] It planned to move manufacturing to Greensboro, North Carolina. [7] As of 2022, the number of Greensboro employees was down to 895 from 1700 in 2015. [8]

ITG Brands was one of three tobacco companies warned by the Food and Drug Administration that "they did not have the agency’s approval to claim that their products were free of certain harmful substances, or that they posed less risk to consumers than other tobacco products." [9]

ITG Brands donated $25,000 to the North Carolina Disaster Relief Fund to provide relief for Hurricane Florence. [10]

In 2021, Kim Reed was named as president and CEO. [11]

In 2023, ITG Brands forced the closer of the historic "Winston Cup Museum" located in Winston-Salem, NC due to numerous copyright lawsuits filed against the small business. [12]

Brands

Related Research Articles

<span class="mw-page-title-main">R. J. Reynolds Tobacco Company</span> American tobacco manufacturing company

The R. J. Reynolds Tobacco Company (RJR) is an American tobacco manufacturing company based in Winston-Salem, North Carolina, and headquartered at the RJR Plaza Building. Founded by R. J. Reynolds in 1875, it is the second-largest tobacco company in the United States. The company is a wholly owned subsidiary of Reynolds American, after merging with the U.S. operations of British American Tobacco in 2004.

<span class="mw-page-title-main">American Tobacco Company</span> American firm (1890–1994)

The American Tobacco Company was a tobacco company founded in 1890 by J. B. Duke through a merger between a number of U.S. tobacco manufacturers including Allen and Ginter and Goodwin & Company. The company was one of the original 12 members of the Dow Jones Industrial Average in 1896. The American Tobacco Company dominated the industry by acquiring the Lucky Strike Company and over 200 other rival firms. Federal Antitrust action begun in 1907 broke the company into several major companies in 1911.

<span class="mw-page-title-main">Brown & Williamson</span> American tobacco company

Brown & Williamson Tobacco Corporation was a U.S. tobacco company and a subsidiary of multinational British American Tobacco that produced several popular cigarette brands. It became infamous as the focus of investigations for chemically enhancing the addictiveness of cigarettes. Its former vice-president of research and development, Jeffrey Wigand, was the whistleblower in an investigation conducted by CBS news program 60 Minutes, an event that was dramatized in the film The Insider (1999). Wigand claimed that B&W had introduced chemicals such as ammonia into cigarettes to increase nicotine delivery and increase addictiveness.

<span class="mw-page-title-main">Kool (cigarette)</span> American brand of menthol cigarettes

Kool is an American brand of menthol cigarette, currently owned and manufactured by ITG Brands LLC, a subsidiary of Imperial Tobacco Company. Kool cigarettes sold outside of the United States are manufactured by British American Tobacco.

<span class="mw-page-title-main">Piedmont Triad</span> Region in North Carolina

The Piedmont Triad is a metropolitan region in the north-central part of the U.S. state of North Carolina anchored by three cities: Greensboro, Winston-Salem, and High Point. This close group of cities lies in the Piedmont geographical region of the United States and forms the basis of the Greensboro–Winston-Salem–High Point, NC Combined Statistical Area (CSA). As of 2012, the Piedmont Triad has an estimated population of 1,611,243 making it the 33rd largest combined statistical area in the United States.

<span class="mw-page-title-main">Imperial Brands</span> British tobacco company

Imperial Brands plc is a British multinational tobacco company headquartered in London and Bristol, England. It is the world's fourth-largest international cigarette company measured by market share after Philip Morris International, British American Tobacco and Japan Tobacco and the world's largest producer of fine-cut tobacco and tobacco papers.

Newport is an American brand of menthol cigarettes, currently owned and manufactured by the R. J. Reynolds Tobacco Company. The brand was originally named for the seaport of Newport, Rhode Island.

<span class="mw-page-title-main">Salem (cigarette)</span> American cigarette brand

Salem is an American brand of cigarettes, currently owned and manufactured by ITG Brands, a subsidiary of Imperial Tobacco, inside the U.S. and by Japan Tobacco outside the United States.

<span class="mw-page-title-main">Reynolds American</span> American tobacco company

Reynolds American, Inc. is an American tobacco company which is a subsidiary of British American Tobacco and is the second-largest tobacco company in the United States. Its holdings include R. J. Reynolds Tobacco Company, American Snuff Company, Santa Fe Natural Tobacco Company, and Niconovum AB.

<span class="mw-page-title-main">Lorillard Tobacco Company</span> Tobacco firm

Lorillard Tobacco Company was an American tobacco company that marketed cigarettes under the brand names Newport, Maverick, Old Gold, Kent, True, Satin, and Max. The company had two operating segments: cigarettes and electronic cigarettes.

<span class="mw-page-title-main">Kent (cigarette)</span> American brand of cigarettes

Kent is an American brand of cigarettes, currently owned and manufactured by R.J. Reynolds Tobacco Company in the United States and British American Tobacco elsewhere. The brand is named after Herbert Kent, a former executive at Lorillard Tobacco Company.

Doral is an American brand of cigarettes, currently owned and manufactured by the R.J. Reynolds Tobacco Company.

Winston is an American brand of cigarettes, currently owned and manufactured by ITG Brands, subsidiary of Imperial Tobacco in the United States and by Japan Tobacco outside the U.S. The brand is named after the town where R. J. Reynolds started his business which is Winston-Salem, North Carolina. As of 2017, Winston has the seventh-highest U.S. market share of all cigarette brands, according to the Centers for Disease Control and Prevention and the Maxwell Report.

Thomasville Furniture Industries was a furniture manufacturer based in Thomasville, North Carolina, with dedicated galleries in more than 400 retail furniture stores. Additionally, there are 30 Thomasville Home Furnishing stores which carry only Thomasville products. The company had been a subsidiary of Clayton, Missouri-based Furniture Brands International since 1995. Heritage Home Group bought most of that company's assets in 2013 and announced Thomasville Furniture would cease operations in 2014, marking the end of an industry in the city.

<span class="mw-page-title-main">Susan Cameron</span> American businessperson

Susan M. Cameron is an American businessperson who is the former chairman, president, and CEO of Reynolds American, Inc.

Maverick, is an American brand of cigarettes, currently owned and manufactured by ITG Brands, a subsidiary of Imperial Tobacco.

<span class="mw-page-title-main">R. J. Reynolds Vapor Company</span> American electronic cigarette manufacturer

R. J. Reynolds Vapor Company is an American electronic cigarette company based in Winston-Salem, North Carolina.

blu eCigs Electronic cigarette brand

blu is an electronic cigarette brand, produced by Fontem Ventures and owned by Imperial Brands. The brand blu sells various types of rechargeable and disposable e-cigarettes with a wide selection of flavored and unflavored liquids. Its products are available in many countries and each market offers different types of products suited to public demand and opportunities. The global headquarters of blu is located in Amsterdam. Local offices are active around the world to service all markets which sell the brand.

Vuse is an electronic cigarette produced by R. J. Reynolds Vapor Company, a subsidiary of the Reynolds American tobacco company. In 2015, it was the most popular e-cigarette in the United States with 33% market share in Nielsen-tracked channels. However, Vuse lost its top position in 2017, when Juul overtook it to become the most popular e-cigarette in the US. As of August 2018, Vuse controlled 10% percent of the American e-cigarette market, compared to Juul's 72% market share. By September 2023, however, Vuse's market share stood at 41.5% versus Juul's 24.7% market share.

Heritage Home Group LLC, formed to purchase most assets of the defunct Furniture Brands International, was a High Point, North Carolina-based home furnishings company. It owned the brands Broyhill, Lane, Thomasville, and Drexel Heritage.

References

  1. ↑ Herzog, Bonnie (18 June 2015). "Reynolds (NYSE: RAI) and ITG Brands in $1.5B e-cig market". Triad Business Journal. Retrieved 1 December 2018.
  2. ↑ "ITG Brands moving tobacco production from Reidsville to Greensboro". Greensboro News & Record. November 1, 2018. Retrieved October 11, 2019.
  3. ↑ Arcieri, Katie (May 28, 2015). "The $27B Reynolds-Lorillard deal: Which brands go where?". Charlotte Business Journal. Retrieved October 11, 2019.
  4. ↑ Mangan, Dan (July 15, 2014). "Feeling blu? E-cig company spun off in major tobacco deal". CNBC. Retrieved October 11, 2019.
  5. ↑ Arcieri, Katie (June 15, 2015). "ITG Brands CEO: Focus will be to "restore" the value of Winston, Kool brands". Triad Business Journal. Retrieved October 16, 2019.
  6. ↑ Craver, Richard (9 November 2018). "Imperial Brands projects slight revenue growth for fiscal 2018". Winston-Salem Journal. Retrieved 1 December 2018.
  7. ↑ Bollinger, Luke (2 November 2018). "ITG Brands moving its Reidsville facilities in 2020". Triad Business Journal. Retrieved 1 December 2018.
  8. ↑ Craver, Richard (6 April 2022). "Imperial expects slight revenue growth: Imperial remains on pace for small revenue growth in fiscal 2022". Winston-Salem Journal .
  9. ↑ Abrams, Rachel (27 August 2015). "F.D.A. Warns 3 Tobacco Makers About Language Used on Labels". The New York Times . Retrieved 1 December 2018.
  10. ↑ CSD Staff (27 September 2018). "ITG Brands Donates $25,000 to Aid Hurricane Relief". Convenience Store Decisions. Retrieved 1 December 2018.
  11. ↑ "ITG Promotes Kim Reed". Bizjournals.
  12. ↑ "Winston Cup Museum Announces Closer". MyFox8.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.